A Decrease in the Price of a Resource Would Cause

question 5

Multiple Choice

A decrease in the price of a resource would cause

• A) producers to substitute other inputs for the resource.
• B) the cost of products made from the resource to fall.
• C) producers to use more of the resource.
• D) none of the above.
• E) both b and c above.

---

Definitions:

Union Membership

The act of belonging to an organized group of workers, often in the same trade or profession, that aims to protect and advance their interests and rights.

Affordable Child Care

refers to childcare services that are financially accessible to families, contributing to economic stability and allowing parents to work or pursue education.

Earnings

The amount of money that an individual or business receives in exchange for providing a service or through investing capital.

Political Participation

The involvement of citizens in the political process, ranging from voting in elections to engaging in political discussions or activism.